HNP Capital LLC bought a new position in Rockwell Automation, Inc. (NYSE:ROK) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 896 shares of the industrial products company’s stock, valued at approximately $223,000.
Several other institutional investors also recently made changes to their positions in the company. Hexavest Inc. boosted its holdings in shares of Rockwell Automation by 395.8% in the third quarter. Hexavest Inc. now owns 119 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 95 shares in the last quarter. Nachman Norwood & Parrott Inc bought a new stake in Rockwell Automation during the 3rd quarter valued at $32,000. Financial Management Professionals Inc. raised its position in Rockwell Automation by 914.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 213 shares of the industrial products company’s stock valued at $47,000 after purchasing an additional 192 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Rockwell Automation during the 2nd quarter valued at $51,000. Finally, Hanseatic Management Services Inc. bought a new stake in Rockwell Automation during the 3rd quarter valued at $66,000. Hedge funds and other institutional investors own 76.39% of the company’s stock.
ROK has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Rockwell Automation from $226.00 to $267.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 11th. Zacks Investment Research raised Rockwell Automation from a “hold” rating to a “buy” rating and set a $256.00 target price for the company in a research report on Friday. Credit Suisse Group lifted their target price on Rockwell Automation from $226.00 to $250.00 and gave the company a “neutral” rating in a research report on Wednesday, November 11th. Wells Fargo & Company reaffirmed a “hold” rating on shares of Rockwell Automation in a research report on Thursday, November 12th. Finally, JPMorgan Chase & Co. lifted their price target on Rockwell Automation from $155.00 to $188.00 and gave the company an “underweight” rating in a report on Wednesday, October 7th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $224.28.
In other Rockwell Automation news, CFO Patrick P. Goris sold 26,332 shares of the stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $238.18, for a total transaction of $6,271,755.76. Following the completion of the sale, the chief financial officer now owns 13,211 shares of the company’s stock, valued at approximately $3,146,595.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Christopher Nardecchia sold 319 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $245.73, for a total transaction of $78,387.87. The disclosure for this sale can be found here. Insiders have sold a total of 47,411 shares of company stock valued at $11,311,728 in the last three months. Insiders own 0.77% of the company’s stock.
Shares of NYSE ROK traded down $1.57 during trading on Tuesday, hitting $239.65. 4,681 shares of the company traded hands, compared to its average volume of 893,390. Rockwell Automation, Inc. has a 1 year low of $115.38 and a 1 year high of $267.48. The company has a 50-day moving average price of $239.12 and a 200-day moving average price of $221.57. The firm has a market capitalization of $28.02 billion, a P/E ratio of 36.60, a P/E/G ratio of 4.78 and a beta of 1.47. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.81.
Rockwell Automation (NYSE:ROK) last announced its quarterly earnings data on Sunday, November 15th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.77 by $0.10. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Rockwell Automation had a net margin of 11.85% and a return on equity of 105.45%. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.01 EPS. Research analysts predict that Rockwell Automation, Inc. will post 7.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Monday, November 16th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, November 13th. This is an increase from Rockwell Automation’s previous quarterly dividend of $1.02. Rockwell Automation’s dividend payout ratio is currently 47.06%.
About Rockwell Automation
Rockwell Automation, Inc provides industrial automation and digital transformation solutions. It operates in two segments, Architecture & Software, and Control Products & Solutions. The Architecture & Software segment offers a portfolio of automation and information platforms, including hardware and software.
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